Videndum has a clear purpose and strategy, and strongly believes in doing business the right way. These behaviours are well embedded within the organisation and are closely monitored by the Board.
To reflect Videndum’s continued commitment to ESG, we have published our third standalone ESG Report which covers Videndum’s ESG programme and performance in detail.
“2023 was an exceptionally challenging year for Videndum and, in particular, the unprecedented length of the strikes by US writers and actors significantly impacted our financial performance. We acted quickly to reduce costs and manage cash, and, with the support of our shareholders, deleveraged through a £125m capital raise, which has enabled us to preserve the long-term capabilities of the business.
Despite the headwinds, throughout 2023, the Company further developed its Group-wide ESG programme, increasingly focusing on the end-to-end supply chain as well as direct operations.”
Stephen Bird, Group Chief Executive
See more on our sustainability governance
Our Approach
Alongside our purpose of providing vital hardware products and software solutions to enable the capture and sharing of exceptional content, we want to become a more sustainable business, reducing the impact of our business on the environment. And we have set targets to make further improvements.
Responsible practices
We are embedding sustainability into our business processes and product lifecycle management.
Environment
Our goal is to ensure that our operations – including manufacturing processes, supply chain, distribution network and support services – are sustainable, ethical and have minimal impact on the environment.
Our people
We strive to be a responsible employer, providing a safe, inclusive environment at all times – one in which talent can continue to flourish.
Our commitment
We are a small company with a global footprint and are committed to working responsibly. We have a coordinated Group-wide approach to ESG, focusing on the material issues that affect our business and our stakeholders. We engage with our stakeholders – including our employees, shareholders, customers, supply chain and rating agencies – to develop, deliver and evolve the Group’s ESG strategy according to their needs.
Our ambition and vision are also aligned with the UN Sustainable Development Goals (SDGs), demonstrating our commitment and contribution to wider sustainability trends and objective